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<h1>Velocityme Minutes</h1>
   
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        <th valign="top" bgcolor="#cccccc">Date<br>
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        <th valign="top" bgcolor="#cccccc">Venue<br>
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        <th valign="top" bgcolor="#cccccc">Present<br>
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        <th valign="top" bgcolor="#cccccc">Apologies<br>
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        <td valign="top">2002-08-06<br>
        </td>
        <td valign="top">13 Pearson Road<br>
  Tableview<br>
        </td>
        <td valign="top">Robert Crida<br>
  Barry Radloff<br>
  Roy Emmerich<br>
        </td>
        <td valign="top">David Spencer<br>
        </td>
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<h2>Agenda</h2>
   
<ol>
    <li>    Discussed Confidentiality  </li>
    <li>    Intellectual Property Rights (IPR)  </li>
    <li>    Possibility of forming a company  </li>
    <li>    Description of Robert's original idea  </li>
    <li>    Other ideas  </li>
    <li>    Amount of time to dedicate to project  </li>
    <li>    Actions<br>
   </li>
   
</ol>
   
<h2>Minutes</h2>
   
<h3>Discussed Confidentiality</h3>
 We discussed confidentiality and consensus was reached that it is necessary. 
It was decided that contracts should be investigated by each member and a 
draft be brought to the next meeting where a final contract will be drawn 
up and signed.<br>
 <br>
   
<h3>Intellectual Property Rights (IPR)</h3>
 This topic began with a discussion of idea ownership. Roy felt that we were 
going too far and that we needed to take a step back and try to discuss why 
it was that we were actually considering this joint venture.<br>
 <br>
 Barry expressed a concern that deciding on shares in a company at this point 
was not going to be fair if it is based on a larger portion for Robert due 
to his providing the forming idea. He felt that this would be unfair in the 
future when other people may have contributed significant other ideas to the
group for other projects. In principle this was agreed with.<br>
 <br>
 Robert discussed his reasons for wanting to start a company:<br>
 
<ol>
   <li>Motivated by Kiyasaki's four quadrants (employee, self-employed, investments 
and business ownership).</li>
   <li>The belief that Robert, Roy, Barry and David as a group represent
a very comprehensive and useful set of capabilities and resources.</li>
   <li>No longer being held back by the lack of a suitable idea for a company 
product/vision.</li>
 
</ol>
 The discussion moved to the topic of IPR:<br>
 
<ul>
   <li>Barry says that ideas normally belong to a company if they are reached 
once a company is formed but in this case that does not apply as the company 
does not yet exist and the idea reached some maturity before being brought 
to the table.</li>
   <li>It was agreed that ownership portions or shares in the company should 
not be determined now but rather when the company is formed.</li>
   <li>Some mechanism should be determined whereby profit for a project is 
distributed according to a negotiated proportion at the beginning of each 
project. (Note that Robert expresses a concern that this will in future represent 
a conflict with the first point that the idea belongs to the company).</li>
   <li>Once the company is formed, the IPR for the original idea will belong 
to the company.</li>
   <li>There should be a clause for someone to buy IPR for a product from 
the company at a later point.<br>
   </li>
 
</ul>
 <br>
   
<h3>Possibility of forming a company</h3>
 
<ul>
   <li>Roy suggested that we should investigate the cost and tax implications.</li>
   <li>Robert asked what options are available for company types.</li>
   <li>Roy said that in addition to speaking to John Spence on this topic 
we could also speak to an accountant or lawyer.</li>
   <li>Barry says that we should try to register as late as possible to try 
to reduce the costs and effort involved in the meantime.</li>
   <li>It was agreed that prior to forming a company that the IPR of Robert's 
project will be held with the following proportions: Robert Crida (40%), Roy
Emmerich (20%), Barry Radloff (20%) and David Spencer (20%).</li>
   <li>If a member leaves the venture before the formation of the company 
they will forfeit their share of the IPR. The IPR will then be divided amonst 
the remaining members according to the original ratios.<br>
   </li>
 
</ul>
 <br>
   
<h3>Description of Robert's original idea</h3>
 Barry requested that Robert provide all members with a description of the 
original idea for the purpose of forming a foundation on which the project 
is grown and provide a definition of the starting point.<br>
 <br>
   
<h3>Other ideas</h3>
 
<ul>
   <li>Barry suggested that a call centre or helpline operator is another 
type of user and that they would have the ability to report bugs, vote on 
bugs and track bugs to inform callers as to their status.</li>
   <li>Barry says that there is a possibility that multiple people will work 
simultaneously on a single issue and there should be some mechanism for handling 
this.</li>
   <li>Robert suggested that the issue state machine could have concurrent 
threads in a manner similar to an activity diagram.</li>
   <li>Barry requested that groups should be able to contain groups for facilicate 
administration.<br>
   </li>
 
</ul>
 <br>
   
<h3>Amount of time to dedicate to project</h3>
 It was agreed that until further notice the work of each individual is going 
to based on goals determined during the meetings and not as a guideline number 
of hours etc.<br>
 <br>
   
<h3>Actions</h3>
   
<ol>
   <li>Each member to draft a confidentuality clause for the next meeting.</li>
   <li>Confidentuality contract to be finalised and signed at the next meeting.</li>
   <li>Robert to provide all members with a document describing his idea.</li>
   <li>Each member to create a private email account for correspondence.</li>
   <li>Each member to search the internet for similar applications an bring 
a short list with brief descriptions to the next meeting.<br>
   </li>
 
</ol>
   
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        <th valign="top" bgcolor="#cccccc">Author<br>
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        <th valign="top" bgcolor="#cccccc">Date<br>
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        <th valign="top" bgcolor="#cccccc">Next meeting<br>
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        <th valign="top" bgcolor="#cccccc">Date<br>
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        <td valign="top">Robert Crida<br>
        </td>
        <td valign="top">2002-08-07<br>
        </td>
        <td valign="top">2002-08-13<br>
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        <td valign="top">To be confirmed by Robert<br>
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